Interpretive Order on Articles 2 and 10 of Regulations for Insurance Enterprises' Special Project Investments in Public and Social Welfare Businesses — FSC — TW

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Stipulating an Interpretive Order for Articles 2 and 10 of the Regulations Governing Insurance Enterprises' Special Project Investments in Public and Social Welfare Enterprises

2026-06-16

Financial Supervisory Commission Order

Date of Issue: June 16, 2026

Document No.: Jin-Guan-Bao-Cai-Zi No. 11504916974

1. Pursuant to Article 2, Subparagraph 7 and Article 10, Paragraph 1, Subparagraph 5 of the "Regulations Governing Insurance Enterprises' Special Project Investments in Public and Social Welfare Enterprises" (hereinafter referred to as "these Regulations").
2. Insurance enterprises engaging in loan businesses guaranteed or insured by foreign central governments, credit guarantee institutions established by foreign central governments, or official export credit guarantee institutions announced by the Organization for Economic Co-operation and Development (OECD) (hereinafter collectively referred to as "credit guarantee institutions") shall be limited to participating in syndicated loan cases and, if they meet the following conditions, shall be deemed as "other capital utilization items in coordination with government policies" as referred to in Article 2, Subparagraph 7 of these Regulations:
(1) The purpose of the loan application by the borrower is for investment in the following matters:
1. The "5+2 Innovative Industries" approved by the government as interpreted by this Commission's Order Jin-Guan-Bao-Cai-Zi No. 10610908021 on March 21, 2017, including green energy technology, Asia Silicon Valley, biomedicine, national defense industry, smart machinery, new agriculture, and circular economy industries.
2. The "Six Core Strategic Industries" approved by the government as interpreted by this Commission's Order Jin-Guan-Bao-Cai-Zi No. 11004365981 on January 28, 2022, including information and digital industries, cybersecurity excellence industries, Taiwan precision health industries, national defense and strategic industries, green power and renewable energy industries, and livelihood and strategic reserve industries.
3. Enterprises whose main economic activities meet the sustainable recognition conditions stipulated in the "Reference Guidelines for Sustainable Economic Activities Recognition" as interpreted by this Commission's Order Jin-Guan-Bao-Cai-Zi No. 11404904512 on March 26, 2025, and other targets recognized by the competent authority as having benefits for climate change adaptation, net-zero emissions, or sustainable transformation.
4. The "Five Trustworthy Industries" approved by the government as interpreted by this Commission's Order Jin-Guan-Bao-Cai-Zi No. 11504904221 on February 12, 2026, including semiconductor industry, artificial intelligence industry, military industry, security control industry, and next-generation communication industry.
5. Industries that cooperate with the "AI New Ten Major Construction Promotion Plan" and other promotion plans approved by the Executive Yuan, and are recognized by the competent authority as industries encouraged for investment under the promotion plans, as interpreted by this Commission's Order Jin-Guan-Bao-Cai-Zi No. 11504916971 on June 16, 2026.
(2) Insurance enterprises shall evaluate whether the financial condition of the foreign central government or the credit guarantee institution is sufficient to repay the guaranteed debt, and shall set limits on their risk exposure based on country/region or institution to implement risk control operations. (3) Possess formal guarantee or insurance documents, allowing direct claims against the foreign central government or the credit guarantee institution for fulfillment of guarantee or insurance responsibilities when the debtor defaults. (4) The guarantee or insurance responsibility of the foreign central government or the credit guarantee institution shall be unconditional and irrevocable until the full repayment of the guaranteed loan.
3. For loan cases handled by insurance enterprises as stipulated in Point 2, the loan amount shall be included in the calculation under Article 7, Paragraph 1, Subparagraph 1 of these Regulations, and the total amount of loans and investments to the same borrower shall not exceed five percent of the insurance enterprise's funds.
4. For loan cases handled by insurance enterprises as stipulated in Point 2, which fall under the circumstances prescribed by the competent authority as referred to in Article 10, Paragraph 1, Subparagraph 5 of these Regulations, loans may be directly processed upon resolution of the board of directors or within its authorized scope, and the following documents shall still be prepared for subsequent inspection by the competent authority. The competent authority may regularly inspect the loan status of insurance enterprises and, depending on social and economic conditions and actual performance, restrict or review them:
(1) Loan plan (including market outlook analysis, shareholder structure and management team of the borrower, loan conditions, loan term, principal and interest repayment methods and schedule, use of funds, sources of repayment, and evaluation analysis of repayment ability). (2) Details of special project capital utilization, public and social welfare enterprise investments, and loans, and their performance analysis (including performance analysis and explanation of investments and loans for each period). (3) Debt security methods (including confirmation of the eligibility of the foreign central government or the credit guarantee institution and relevant guarantee or insurance documents). (4) Financial reports of the borrower. However, if the borrower has been established for less than one year, this is not required. (5) Board of directors' resolution or its authorization documents. (6) Review documents from relevant authorities. (7) Other information designated by the competent authority.
5. This Order shall take effect from the date of issue; this Commission's Order Jin-Guan-Bao-Cai-Zi No. 11504904224 of February 12, 2026, is abolished from the date of issue.

Update Date: 2026-06-16

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